Latest Online banking News: Finextra Research

Intuit opens up financial data service APIs to third party developers

Intuit is opening up the APIs to its financial data service - which powers Quicken, QuickBooks, Mint and FinanceWorks - to third party developers, inviting them to build their own services.

11 September 2012

News/Online banking

VocaLink, First Data and Accenture pitch Aussie real-time payments system

VocaLink, First Data and Accenture are planning to build a system similar to the UK's Faster Payments service in Australia, enabling consumers and businesses to transfer funds between bank accounts in near real-time.

11 September 2012

News/Online banking

ICICI preps Facebook transactions

India's ICICI Bank will soon allow customers to make transactions through social network Facebook.

07 September 2012

News/Online banking

MasterCard buys loyalty rewards specialist Truaxis

MasterCard has acquired Truaxis, a US firm that provides credit and debit card-linked offers to consumers through merchants and banks. Financial terms of the deal were not disclosed.

07 September 2012

News/Online banking

ASB Bank pilots customer video conferencing facility for PC and mobile

New Zealand's ASB Bank has teamed up with local tech company FaceMe to develop a video conferencing service that enables customers to talk to specialist staff from their PC.

05 September 2012

News/Online banking

NAB suffers five-hour outage

Glitch-prone National Australia Bank and its UBank subsidiary suffered a five-hour outage Wednesday after a network failure at the bank's ageing East Melbourne data centre.

05 September 2012

News/Online banking

Scotiabank agrees C$3.1bn ING Direct Canada acquisition

Dutch bank ING has struck a C$3.1 billion deal to sell its online Canadian unit to Scotiabank, raising cash to pay back money lent by the Dutch government at the height of the financial crisis.

30 August 2012

News/Online banking

US court dismisses bank's counter-suit against hacked customer

A US court has rejected BancorpSouth's counter-suit against a former commercial customer it sought to hold liable for losses related to an ACH and wire fraud case.

29 August 2012

News/Online banking

UBank acts as test-bed for new NAB core platform

National Australia Bank's direct banking subsidiary UBank has migrated 300,000 customers to a new core banking platform developed for the parent bank by Oracle.

28 August 2012

News/Online banking

Symitar launches marketplace for credit unions to share programming ideas

Jack Henry & Associates unit Symitar has introduced an online space where its credit union customers can exchange programming ideas.

16 August 2012

News/Online banking

State-sponsored banking virus found in Middle East

A state-sponsored computer virus that spies on online banking transactions has been discovered in the Middle East by computer security outfit Kaspersky Lab.

10 August 2012

Finextra TV/Online banking

Respond in Real-Time, at the Right Time, the Right Channel

Today, banks operate in a hyper-competitive environment, chasing after a larger wallet share. To achieve this, banks are moving quickly towards personalized services that delight their customers and help uncover new revenue opportunities. Watch this video to learn how to put your customers at the heart of your banking experience.

09 August 2012

News/Online banking

Former Lloyds online security head pleads guilty to £2.46m fraud

Lloyds' former head of fraud and security for digital banking has pleaded guilty in connection with a £2.46 million fraud.

07 August 2012

News/Online banking

US small businesses ditch banks over online fraud

Around three quarters of small and medium-sized businesses (SMBs) in the US have fallen victim to online banking fraud and many are ditching their provider as a result, according to research from Guardian Analytics and Ponemon Institute.

06 August 2012

News/Online banking

ING ponders sale of UK and Canadian online banks

ING is weighing up the sale of its online banks in the UK and Canada as it looks to raise cash to pay back money lent by the Dutch government at the height of the financial crisis.

03 August 2012

News/Online banking

RBS sets aside £125m to cover IT meltdown costs

The Royal Bank of Scotland has set aside £125 million to cover costs resulting from the technology failure that hit RBS, NatWest and Ulster Bank customers in June.

03 August 2012

News/Online banking

Young Brits still visit bank branches - they're usually closed though

Online and mobile banking may be the future but twenty-something Brits still visit branches, even if the trip is often wasted because of unhelpful opening hours, according to the Young Money report.

01 August 2012

News/Online banking

Simple opens doors as CTO Payne moves on

US banking start-up Simple has finally begun bringing on board the 125,000 people on its waiting list and waved off CTO Alex Payne.

26 July 2012

News/Online banking

Bank staff numbers to plummet as tech takes over - NAB executive

The number of people employed by banks will tumble over the next two decades as technological advancements such as mobile services make large parts of workforces redundant, according to a senior executive at Australian giant NAB.

24 July 2012

News/Online banking

FNB launches banking via Facebook

First National Bank of South Africa has tied its mobile banking application to Facebook, enabling users to run the application from within the social media site.

20 July 2012